Bitcoin Top?

sss12 · Dec 12, 2017

ElCubano said:
The carnage was the ease of Investment banks taking shit companies public knowing that price action would follow the hysteria, just like the boom we had in housing and the shit paper they stuck us with, once they saw what was under the hood those companies went belly up. Amazon, google and others that brought value have seen their share price increase megafold. No one is underwriting this, no firms are putting out recommendations to buy and yet it keeps going higher and higher. From the price action it is indicating huge potential to bring us value somehow somewhere where you or I cant point to just yet. peace

I don't disagree. I think the block chain technology is a new era, where it takes us I have no idea. But like all technologies it morphs and evolves , I just question the blind faith some have that current version BTC as an investment is the end all be all.

Obviously other agree or they wouldn't be selling (Ver) or developing other alt coins.

Surprise · Dec 12, 2017

ElCubano said:
what metric are you using to say it is in bubble territory in regards to price? is that a feature in your charting service? like bubble crossover?

Yes

syswizard · Dec 12, 2017

fordewind said:
why?

Uh....perhaps the $38,000 margin requirement for 5 measly bitcoins ?

syswizard · Dec 13, 2017

https://www.marketwatch.com/story/enjoy-bitcoin-while-you-can-2017-12-13
BTCUSD getting a little volatile at the $17k level....
can this go to $20k or is this the top ?

sss12 · Dec 13, 2017

Surprise said:
Yes

how is the bubble cross looking ? things are a little weaker this am.

Surprise · Dec 13, 2017

sss12 said:
how is the bubble cross looking ? things are a little weaker this am.

The plan is to build a long term position , no one said we are at the top . Maybe maybe not .

Pekelo · Dec 13, 2017

I know this is completely irrelevant, but Charlie Lee the creator of the best performing crypto of 2017 expects a few years of bear market for Litecoin, warning that unless you are prepared for a 90% drop in value, you shouldn't buy it.

Now it begs the question, why would anyone buy or even hold it if such a bad times are ahead, but we have to applaude his honesty. I always liked the guy...

Peter10 · Dec 13, 2017

Surprise said:
The plan is to build a long term position , no one said we are at the top . Maybe maybe not .

bitcoin is currently in a bubble, no one can say if it has topped or if it is still going higher, it is difficult to predict because majority of the market participants are speculators, if anybody says bitcoin is going up to $100,000, I can just compare such person to a sport fan cheering his favorites sport team.

ElCubano · Dec 13, 2017

Peter10 said:
bitcoin is currently in a bubble, no one can say if it has topped or if it is still going higher, it is difficult to predict because majority of the market participants are speculators, if anybody says bitcoin is going up to $100,000, I can just compare such person to a sport fan cheering his favorites sport team.

The same logic can be applied to those that are naysayers. They are just cheering for the wrong team currently.

carlostown · Dec 13, 2017

Peter10 said:
bitcoin is currently in a bubble, no one can say if it has topped or if it is still going higher, it is difficult to predict because majority of the market participants are speculators, if anybody says bitcoin is going up to $100,000, I can just compare such person to a sport fan cheering his favorites sport team.

So... Tulips 2.0 but in a larger scale?